Hello everyone, I am Gu Yue. The recent market conditions have really left me feeling helpless. The market plays with you; you think the price is already high, but it keeps breaking new highs, leaving you unsure of where the peak is. Although Bitcoin is strong, after reaching near its historical high, it has shown weakness in moving upward and has started to pull back, ultimately failing to break the historical high. Last time, after reaching a high, the market dropped below $50,000, so everyone needs to be cautious and not chase after long positions easily to avoid getting trapped at high levels.

Ethereum's performance is still relatively lagging, with insufficient upward momentum reaching around 2780, followed by a pullback. It is currently stabilizing around the 2640 level. The K-line has broken below the ascending channel and is gradually moving into a descending channel. The MACD's DIF line and DEA line have crossed below the zero axis, indicating a shift from bullish to bearish. The MA moving averages have crossed below the middle band of the Bollinger Bands and are continuously diverging, with the K-line consistently moving down along the lower band. The daily chart is showing a clear bearish pattern of a "Evening Star," suggesting that the subsequent trend is more likely to lean towards bearish.

For Bitcoin, short positions in the 72300-72500 range target a space of 70000-69000, which requires patience to hold.

For Ethereum, short positions in the 2640-2660 range target a space of 2530-2500, which also requires patience to hold.

There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I, Gu Yue, interpret global economic news, analyze global investment trends, and provide daily market analysis to offer you the latest trading strategy ideas, along with professional investment consulting services to help you reach the peak of financial management.

This article only represents personal opinions and is for reference only. It should not be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.

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